Schadenfreude

A few years ago, Hollywood financial adviser Gerald Breslauer shed most of his clients to focus on two top entertainment-industry figures: director Steven Spielberg and DreamWorks Animation SKG Inc. Chief Executive Jeffrey Katzenberg. Now, both of Mr. Breslauer's remaining clients have been hit by the alleged fraud by New York money manager Bernard Madoff.

Mr. Katzenberg has suffered millions in Madoff-connected losses, say people familiar with the matter.

See now, if I'd understood "networking" better when I was eleven, I coulda been part of this story, too....